China Looking to Buy a Chunk of Facebook: This Week in Online Tyranny
ReadWriteWeb
China trying to buy some Facebook. News has surfaced that a sovereign wealth fund representing the Chinese government wants to buy a substantial amount of Facebook stock. According to anonymous sources who spoke to Business Insider, China wants to own enough of Facebook “to matter.”
Is China’s interest in Facebook a simply a government-sponsored group of venture capitalists looking to get a piece of the upcoming Facebook IPO or is there something more complicated at work behind the scenes?
